The Role of the EIB in the Green Transformation
In this policy study, Stephany Griffith-Jones examines the context of the major green transformation that needs to take place and the challenge of implementation that this entails. The central idea is that instruments must be deployed in ways that maximize their development impact. Thus, the EIB, like all public development banks has a double mandate. Its main aim should be to maximize sustainable and inclusive development impacts (including economic, environmental and social impacts) while maintaining some financial profits or avoiding financial losses.
About the Authors
Financial Markets Program Director
Initiative for Policy Dialogue (IPD)
Stephany Griffith-Jones is an economist specialising in international finance and development, with emphasis on reform of the international and national financial system, especially in relation to financial regulation and global governance. She is Financial Markets Director at the Initiative for Policy Dialogue, Columbia University. Previously she was Professorial Fellow at the Institute of Development Studies at Sussex University. She was Director of International Finance at the Commonwealth Secretariat and worked at UN DESA and ECLAC. She was senior consultant to governments in Eastern Europe, Latin America and Africa and many international agencies, including the World Bank, the IADB, the European Commission, UNDP and UNCTAD. She was a member of the Warwick Commission on financial regulation. She currently is theme leader on finance in the ESRC /DFID growth programme for LICs, especially African ones. She has published over 20 books and many scholarly and journalistic articles. Her books include Time for the Visible Hand, Lessons from the 2008 crisis, edited jointly with José Antonio Ocampo and Joseph Stiglitz.